Modern Age, an aging wellness platform focused on longevity, raised $27 million in Series A funding. Oak HC/FT led the round alongside GV and founding partner Juxtapose.
Annie Lamont, Co-Founder and Managing Partner at Oak HC/FT, who will join Modern Age’s Board of Directors, said, “At Oak HC/FT, we believe that companies at the intersection of the healthcare and consumer sectors that are delivering improved access and patient experience will continue to gain market share.” “We’re excited to partner with Melissa, a leader with an exceptional track record, and her team to support Modern Age in their mission of using tech to help people live longer, healthier lives.”
Including the latest funding round, Modern Age has raised $33 million to date. The company plans to use the latest funds to drive talent acquisition initiatives, sustain technological innovation, and support customer engagement.
“Research shows that people who feel younger than their chronological age are typically healthier and more psychologically resilient than those who feel older,” said Melissa Eamer, Founder and CEO of Modern Age.
“Modern Age is for people who want to feel good about getting older, without judgment. By connecting the components of health and wellness across digital and in-person offerings, we’re giving people the resources to take back control of the aging process. With the support of our investors, we look forward to helping consumers develop their own recipe for feeling young.”
According to Modern Age, its service helps people take control of their aging journey by giving them telemedicine and in-person treatments. Patients can use the service to manage their skin, bone, metabolic, hormone, mental, and nutritional health over time.
“We are thrilled to see Melissa’s vast knowledge and passion for this industry come to life through Modern Age to deliver a holistic experience for customers,” said Jed Cairo, Co-Founder and Managing Partner at Juxtapose. “Under her leadership, we believe Modern Age can be an industry leader for those looking to proactively manage their aging process.”
Digital personal health and wellness companies secured $1.8 billion in the first half (1H) of 2021 compared to $300 million in 1H 2020, over a 500% increase year-over-year, according to Mercom Digital Health Funding and M&A Report.